Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

  • Circle's CCTP V2 Upgrade: Deployed on Solana, enhancing USDC cross-chain efficiency with faster speeds, better contract support, and higher capital efficiency.
  • Solana Economic Zone in Kazakhstan: First in Central Asia, focusing on blockchain pilots, startup incubation, and integrating tokenized assets into financial markets.
  • Gemini's SOL Staking: Now available for institutions, ETFs, and high-net-worth individuals, boosting institutional adoption of Solana.
  • Fiserv's FIUSD Stablecoin: Launching on Solana and connecting to 3,000 regional banks, highlighting Solana's role in bridging traditional finance and blockchain.

Ecosystem Highlights:

  • Jupiter: Introduced advanced token analysis tools for market insights.
  • Raydium: Topped Solana DEXs with $10B+ June trading volume (32% market share).
  • Drift: Launched zero-fee BTC trading with 40+ asset pairs.
  • Sanctum: Confirmed full allocation of 1B CLOUD tokens.
  • Collaterize: Partnered with AWS to advance RWA infrastructure.
  • io.net: Announced $20M AI grant program with free GPU access.
  • Other Updates: Virtuals (Binance Wallet integration), Hey Anon (v1.7 with OKX support), Grass (Grasshopper device), Gradient (Parallax LLM engine), Solayer (Emerald sub-cards), and STEPN GO (GGUSD stablecoin).

Note: Developments underscore Solana's growth in DeFi, institutional adoption, and cross-industry collaborations.

Summary

Over the past week, Solana has continued to make progress on both the on-chain and off-chain fronts.

First, Circle officially deployed CCTP V2 on Solana, which is an upgraded version of their cross-chain transmission protocol, which directly achieved three things: faster USDC cross-chain speed, better contract support, and higher capital efficiency .

Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

Let’s take a look at Solana’s new moves on the map: the Solana Foundation signed a memorandum of understanding (MOU) with Kazakhstan, marking the official launch of the first Solana Economic Zone in Central Asia. The special economic zone will become a testing ground for blockchain pilots, startup incubation, and international cooperation, integrating tokenized assets into Kazakhstan’s financial markets and laying the foundation for a blockchain-driven financial system.

At the same time, Gemini announced the launch of SOL staking services, targeting institutions, ETFs, enterprises and high-net-worth individuals. This means that Solana staking is no longer just a tool for retail investors to participate in verification, and enhances the institutional adoption rate of the Solana ecosystem.

Finally, Fiserv, a financial services giant with a value of $90 billion, announced that it will launch the stablecoin FIUSD on Solana and connect it to the 3,000 regional banking systems it serves. This cooperation marks the deep integration of traditional finance and blockchain, and Solana's high throughput and low cost characteristics have become the key to attracting traditional financial institutions .

Below we will sort out the major updates and noteworthy events of Solana ecosystem core projects/popular projects in the past week.

Jupiter launches advanced token analysis function, showing net buyers, net purchase volume and organic score to facilitate market insights.

Raydium achieved a DEX trading volume of more than $10 billion in June, with a market share of approximately 32%, becoming the largest DEX on Solana.

Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

Drift launches zero-fee BTC trading event, now live, offering more than 40 asset trading pairs.

Sanctum announced that all 1 billion CLOUD tokens are now fully accounted for and verifiable.

Collaterize has partnered with Amazon Web Services to accelerate infrastructure development for RWA.

Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

Virtuals are now available on Binance Wallet.

Hey Anon released version 1.7, adding OKX spot/futures trading integration, Amped Finance leveraged futures functionality, as well as UI and performance optimization updates.

Grass launches Grasshopper, a plug-and-play device that shares unused internet with the Grass Network and improves network stability to collect public network data.

Gradient launches Parallax, the first fully distributed inference and serving engine for large language models.

Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

Solayer launched the Emerald sub-card service, which allows one account to create unlimited cards, providing custom labels, personalized credit limits and spending tracking functions.

Solana Weekly丨3,000 banks will soon be connected to Solana; the first Solana Economic Zone in Central Asia is officially launched

io.net launches $20 million grant program and provides free GPU access to support artificial intelligence projects that require large computing resources.

DIA Mainnet staking is now live.

STEPN GO launches GGUSD stablecoin backed by US Treasuries.

time.fun launches creator live streaming, allowing creators to receive tips from viewers during live streaming and earn fees from trading activities.

Disclaimer: This article is for readers' learning reference only and is not intended as any investment advice. Please remain cautious and objective.

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Author: SolEasy Labs

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

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